U.S. chief financial officers (CFOs) of middle-market companies remain fairly positive about the state of their own industries and businesses but have tempered their views about the state of the broader U.S. and global economies, according to the latest middle-market CFO survey by GE Capital.
The survey, which took place during the third quarter of 2011, included responses from 532 CFOs of companies with an average revenue of $162 million operating across seven major industries:
• metals, mining and metals fabrication
• food, beverage & agriculture
• general manufacturing
• technology & business services
“CFOs clearly have altered their outlook on the U.S. and global economies,” said Dan Henson, president and CEO of GE Capital, Americas. “However, these same CFOs maintain a more positive outlook for their own companies, indicating that they have identified the right mix of cost controls and capital investment for a lower-growth environment. This is consistent with what we are seeing with companies in our own financing portfolio, where metrics on our customers’ operating results and balance sheet health continue to be positive.”
to Daily News